Examples of Performance Stock in a sentence
Performance Stock Units earned under Section 2(c)(ii) shall be settled and shares of Stock issued to the Grantee or the Grantee’s beneficiary as soon as administratively practicable following the Grantee’s termination of service, but no later than March 15 of the year following the year of Xxxxxxx’s termination of service.
The Grantee acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Grantee any federal, state, local or other taxes of any kind required by law to be withheld with respect to the grant, settlement or payment of the Performance Stock Units.
Xxxx Xxxxxxx and the Performance Stock Unit Inducement Award Agreement, by and between the Company and Xx. Xxxxxxx (collectively, the “Employment Inducement Award Agreements”).
Settlement, if any, will occur on or following the Determination Date contemporaneous with other TSR-based Performance Stock Unit payouts for the Performance Period in accordance with Section 4 of the Award Agreement.
Each Performance Stock Unit shall represent and have a value equal to one share of common stock of the Company.